Taxes on Flexible Retirement Annuity?

Question

Does the beneficiaries paid taxes on the dividends only and not the premium paid or both?

Answer 1

Dividends in your annuity, hunh, or are you just saying you have made money in it? Is it a qualified or non-qualified annuity? If it's non-qualified, what's your cost-basis? Are you the beneficiary, annuitant, or owner?

You might want to rephrase the question and also post it in the tax area. Or seek the help of a qualified professional instead of making life decisions based on random internet advice.

Answer 2

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